Cencora Inc. (COR)
Inventory turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 284,048,600 | 274,159,800 | 267,011,600 | 262,297,100 | 253,214,000 | 245,733,700 | 239,100,500 | 233,423,100 | 230,290,700 | 227,945,100 | 221,413,400 | 213,549,800 | 207,045,600 | 198,100,500 | 190,724,100 | 189,132,800 | 184,702,000 | 181,257,200 | 181,124,100 | 176,989,400 |
| Inventory | US$ in thousands | 18,998,800 | 18,301,500 | 17,631,000 | 18,652,200 | 17,454,800 | 16,852,300 | 16,955,200 | 16,779,900 | 15,556,400 | 15,823,400 | 15,514,900 | 16,293,900 | 15,368,400 | 14,996,400 | 12,954,700 | 13,179,000 | 12,589,300 | 11,849,200 | 11,102,600 | 11,686,500 |
| Inventory turnover | 14.95 | 14.98 | 15.14 | 14.06 | 14.51 | 14.58 | 14.10 | 13.91 | 14.80 | 14.41 | 14.27 | 13.11 | 13.47 | 13.21 | 14.72 | 14.35 | 14.67 | 15.30 | 16.31 | 15.14 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $284,048,600K ÷ $18,998,800K
= 14.95
The inventory turnover of Cencora Inc. has shown consistency and stability over the past several quarters, ranging between approximately 13.11 to 16.31 times. This indicates that the company efficiently manages its inventory levels, with a higher turnover suggesting that Cencora is effectively selling and restocking its inventory.
Overall, the trend in inventory turnover is positive, demonstrating that Cencora is able to swiftly convert its inventory into sales. A consistent and relatively high inventory turnover ratio is generally a positive indicator of operational efficiency and effective management of inventory levels. It shows that the company is adept at managing its inventory, maintaining optimal levels to meet demand and minimize carrying costs.
The analysis suggests that Cencora Inc. maintains a healthy balance between maintaining sufficient inventory levels to meet customer demand without overstocking, resulting in a solid inventory turnover performance across multiple reporting periods. Further investigation into industry benchmarks and specific inventory management practices can provide additional insights into the company's efficiency in this aspect of its operations.
Peer comparison
Sep 30, 2024
Sep 30, 2024